Share buy-back Program

On 6 March 2019, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 9/2019 of 6 March 2019. The program is carried out under Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation - MAR) and the resulting delegated legislation. The share buy-back program is expected to be realised in the period from 7 March 2019 to 31 October 2019. The total share buy-back in the period will not exceed a market price of DKK 400 million.

The following transactions have been made under the program:

Number ofShares

Average purchase price

Transaction value, DKK

Accumulated, last announcement

166,520

488.10

81,310,432.45

23 April 2019

500

483.50

241,750.00

24 April 2019

5,000

487.81

2,439,042.00

25 April 2019

20,000

479.98

9,599,522.00

26 April 2019

2,000

477.25

954,500.00

Accumulated under the program

194,020

487.30

94,545,246.45

With the transactions stated above Royal Unibrew owns a total of 1,187,529 shares, corresponding to 2.3% of the share capital. The total amount of shares in the company is 51,000,000, including treasury shares.